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As I pointed out with a link to this in a comment a while back: remember these are marginal rates, and remember there's inflation. In order to pay the top 91%
by ubernostrum 11y ago
As I pointed out with a link to this in a comment a while back: remember these are marginal rates, and remember there's inflation.
In order to pay the top 91% marginal rate in 1950, for example, you had to be making over 40 times the median income in the US, and that rate only applied to income past $200,000 (in 1950 dollars -- adjusted for today that's close to $2m). And just to end up paying a higher marginal rate than today's maximum of 39.6% you needed to be making roughly 3x the median income.